Invesco QQQ (Ondo Tokenized)

Invesco QQQ (Ondo Tokenized) (QQQON) is an open-ended tracker certificate issued in the form of ledger-based securities (Registerwertrechte) pursuant to Art. 973d et seq. of the Swiss Code of Obligations under Swiss law.

The product is issued by Ondo Global Markets (BVI) Limited, which is also the PRIIP manufacturer. It does not have a fixed maturity date.

QQQON is issued on the Ethereum Mainnet and may also be issued on other blockchain networks at the sole discretion of the issuer. It is recorded in a securities ledger supported by the product.

The product is engineered to mirror the price movements of the Invesco QQQ Trust, an exchange traded fund (ETF) which serves as the underlying reference asset. Its objective is to replicate the return performance of the underlying after relevant fees and expenses.

The underlying is identified as follows:

• Issuer: Invesco Capital Management LLC
• Name: Invesco QQQ Trust
• ISIN: US46090E1038
• Ticker: QQQ

The product is denominated in US Dollar (USD). The base currency of the underlying is also USD.

The product is collateralised by the underlying and any additional collateral to fulfil the issuer’s payment obligations. When investors purchase the product, the issuer uses the proceeds, minus costs, to finance the purchase of the underlying. The value of the collateral must correspond at least to the value of the product as specified in the Base Prospectus. Investors have a primary claim to the allocated collateral and, if insufficient, to any additional collateral as described in the Base Prospectus.

Key identifier: ISIN (Product): VGG7001AAJ30

QQQON provides exposure to the price performance of the Invesco QQQ Trust ETF, replicating the return of the underlying after fees and expenses.

The product can be transferred to other investors via wallets and the relevant securities ledger . It may also be sold to third parties on an over-the-counter basis, subject to the transfer restrictions set out in the Base Prospectus and Final Terms.

Investors may submit redemption orders to the issuer or a party acting on its behalf at any time. Redemption is settled in cash and, at the sole discretion of the issuer, may also be settled in other fiat currencies or cryptocurrencies.

The product is not listed or admitted to trading on any stock exchange, authorised multilateral trading facility or organised trading facility inside or outside the EU or Switzerland. If the issuer resolves to proceed with a listing or admission to trading, it will notify this on its website.

The summary risk indicator is 6 on a scale of 1 to 7.

The KID states that at present no fees are charged to investors. Should fees be applied in the future, entry and exit costs will not exceed 0.1% of the market price of the underlying. No ongoing management, administrative or performance fees are stated. Total costs over five years, based on a USD 10,000 investment scenario, are shown as USD 20, corresponding to a 0.20% cost impact.

The product is a debt instrument and is not covered by any deposit protection scheme or other kind of insurance.

The PRIIP manufacturer and issuer is:

Ondo Global Markets (BVI) Limited Floor 4 Banco Popular Building Road Town, Tortola VG1110 British Virgin Islands

The Financial Market Authority (FMA) Liechtenstein is named as the competent authority for the approval of the Base Prospectus.

The PRIIP manufacturer/issuer is not subject to prudential supervision by the FMA or any other financial market supervisory authority.

Token Details

QQQON is issued as a ledger-based security and recorded in a securities ledger supported by the product.

• Legal form: Open-ended tracker certificate in the form of ledger-based securities under Swiss law
• Governing law: Swiss law
• Blockchain network: Ethereum Mainnet. Other blockchain networks may be used at the issuer’s sole discretion
• Denomination: USD
• Maturity: No fixed maturity date
• Product ISIN: VGG7001AAJ30

Transfers take place via wallets and the relevant securities ledger.

Redemption orders may be submitted at any time to the issuer or a party acting on its behalf. Settlement is in cash and may also occur in other fiat currencies or cryptocurrencies at the issuer’s discretion.

The product is not listed on any exchange or trading venue.

Further operational details are referenced in the Base Prospectus and Final Terms and are not fully set out in the KID.

Underlying Asset Information

The underlying asset is the Invesco QQQ Trust ETF.

• Issuer: Invesco Capital Management LLC
• Name: Invesco QQQ Trust
• ISIN: US46090E1038
• Ticker: QQQ
• Reference currency: USD

The product mirrors the price movements of the ETF and aims to replicate its return performance after fees and expenses.

Corporate actions, dividend treatment, foreign exchange methodology and valuation methodology are not stated in the KID.

Service Providers

• Issuer and PRIIP manufacturer: Ondo Global Markets (BVI) Limited

• Competent authority for Base Prospectus approval: Financial Market Authority (FMA) Liechtenstein

The KID does not name a custodian, administrator, calculation agent, broker, auditor, registrar, transfer agent, paying agent or market maker.